Gutted about NI rise

[CarryOnNurse20]

I know we need it and we have so much money to pay off. But we have been scrimping and saving after a hard couple of years. Every penny is accounted for from pay day to pay day. I’m a nurse and my pay has been capped/below inflation my whole career. And now the NI rise means any savings etc we have made will now be gone. I’m gutted.

We’ve worked out it will be £505 a year hike and the gas and electricity sent us a letter stating it would be going up £249 a year so that’s £750 extra we have to find when we are only just managing.

Meanwhile, hatred is gleefully piled on the heads of the old and the disabled.

Because it’s overwhelmingly the elderly that vote for the Tories. How many times?? They’re not blameless onlookers merely taking what they’re offered. They’re watching our quality of life go down the shitter while feathering their already healthy assets. Add in the fact we have stayed at home for over a year and crashed the economy and our mental health to protect them, and what do you expect? We should be jumping at the chance to stump up yet more money for them?

Excellent, the message is invest in property then. No access to public funds here anyway.

I agree IHT should go up though. Personally I think £500K tax-free is quite generous. And then 50% of everything else.

Not sure why people are moaning about it not being fair on the young - after all, younger woman have babies and presumably you would still like NHS care for your pregnancy and baby? This NI increase is for health and social care. Also - some younger adults need care, too.

@Realyorkshiretea

Why does everyone think paying into the system now will benefit us in future? It’ll just be chucked into the abyss like everything else. Politicians don’t think long term. Anything we pay in will only benefit us at the moment it is spent.

Totally agree

Some people work hard all their lives, never scrounging off the government! But when the time come that they might need looking after they have to fork out all the money they have saved! If a person has cancer, their care is free, a person with a horrible prognosis of Alzheimer’s have to pay for their care and not only pay for themselves but subside the care home fees for people who don’t pay. Older people have paid taxes and National health for years, I’ve read that women now have to work till they are 66 at the earliest to get the pension, they have paid into for years, expecting to retire at 60!
I totally agree in rise, and will paid it. How else could the money be raised?
I think people who have a lot of money in property or savings should pay a percentage and not a blanket cap of £100,000

@nonono1 so if it's not an asset then what is it!? A gift to you purchase and use that you eventually give your loved ones? My home is an asset, I will have paid the mortgage off by the time I am 40. I then can decided what I do with it. Obviously I need somewhere to live so I will continue to do that. But it gives me options that I wouldn't otherwise have.
I have a car, that's an asset too surely? I'd make a loss on purchase price but it's an asset I could sell if money was needed.
Or do you mean it's the reason the housing market is in a mess because of BTLs buying them all up for their own asset portfolio???? Cos that's different to what I was referring to.

Gosh people in this country do not even care about their parents/ grandparents. Reading this thread is an eye opener. They are lefties until they have to open their purses. So disgusting!

Likewise it's disgusting that all these parents & gps don't care about their dc 🙄

Older people have paid taxes and National health for years, I’ve read that women now have to work till they are 66 at the earliest to get the pension, they have paid into for years, expecting to retire at 60!

How's that different to young people who will retire at 68 or later?

An ageing population will make for an ever reducing number of workers paying for the pensions of an ever increasing number of pensioners. The value of the state pension will have to be reduced.

exactly @Whycangirlsbesonasty

@lockdownmadnessdotcom

I agree IHT should go up though. Personally I think £500K tax-free is quite generous. And then 50% of everything else.

Not sure why people are moaning about it not being fair on the young - after all, younger woman have babies and presumably you would still like NHS care for your pregnancy and baby? This NI increase is for health and social care. Also - some younger adults need care, too.

You don't get £500k tax free. You get £325 cash and home up to £1m, tapering, on a family home passed to offspring.

It's that latter that makes people think they should not have to sell the home to fund care and also leads to unpleasant behavior to elderly relatives.

I have nothing against investing in social care. In fact I'm all for it. What I'm against, is making the poorest pay for it and the richest, who've grabbed even more wealth over the pandemic, get off without paying their fair share.

We're not all in it together.

@Kolo

I have nothing against investing in social care. In fact I'm all for it. What I'm against, is making the poorest pay for it and the richest, who've grabbed even more wealth over the pandemic, get off without paying their fair share.

We're not all in it together.

Well said.

@LizzieSiddal

I do hope this will stop “normal” people voting Conservative. They always shaft these people.

Next election is too far away. People have short memories...

@Nottogetapenny

Some people work hard all their lives, never scrounging off the government! But when the time come that they might need looking after they have to fork out all the money they have saved! If a person has cancer, their care is free, a person with a horrible prognosis of Alzheimer’s have to pay for their care and not only pay for themselves but subside the care home fees for people who don’t pay. Older people have paid taxes and National health for years, I’ve read that women now have to work till they are 66 at the earliest to get the pension, they have paid into for years, expecting to retire at 60! I totally agree in rise, and will paid it. How else could the money be raised? I think people who have a lot of money in property or savings should pay a percentage and not a blanket cap of £100,000

People with cancer generally live fewer years than those with Alzheimers who can need care for a couple of decades.

My OH has an incurable cancer. His treatment costs tens of thousands per year. His haematologist said that such expensive treatment is funded simply because he's not going to live long enough to reach state retirement age, so there'll be a decade or two of state pension saved which offsets the expensive treatment for the next 2 or 3 years!

@Nottogetapenny

Some people work hard all their lives, never scrounging off the government! But when the time come that they might need looking after they have to fork out all the money they have saved! If a person has cancer, their care is free, a person with a horrible prognosis of Alzheimer’s have to pay for their care and not only pay for themselves but subside the care home fees for people who don’t pay. Older people have paid taxes and National health for years, I’ve read that women now have to work till they are 66 at the earliest to get the pension, they have paid into for years, expecting to retire at 60! I totally agree in rise, and will paid it. How else could the money be raised? I think people who have a lot of money in property or savings should pay a percentage and not a blanket cap of £100,000

Are you being serious?

All pensioners have a full and unblemished record of taxpaying? Even the many many more stay at home mums back then, who haven’t worked since their 20s? And when unemployment was at its highest ever rate in the 70s? Every single one of them worked and paid tax for the entirety of their working lives?

I would be happy for NI and taxes to be raised but I want to see it used well, and not just given to MP:s cronies.....

@thecatsthecats

Possibly an unpopular opinion, but I think it bizarre that older people expect to hang onto their homes as well as take up a new home in a social care setting.

I will only need one home when I'm older, and care also. Having an asset I can sell to fund that is perfectly logical. Sad, but then so is lots of stuff associated with aging. You're entitled to be sad, but expecting to pass on thousands and have your care funded is taking the piss.

Bring on euthanasia. I want the freedom to die, and to live well before that.

(caveat, yes yes, lots of different circumstances etc)

Not just older people wanting to leave an inheritance, but offspring wanting to receive one. Not so much younger offspring where an inheritance is decades away, but middle aged offspring who are close to an inheritance and don't want to see it spent on care fees.

It does seem a bit off that the state could pay significant care fees just to allow offspring a larger inheritance. But there are inconsistencies, e.g. a wealthy person with cancer gets free treatment, a person with dementia doesn't. There's also the reality that the population is aging and care fees are expensive.

I've always assumed my assets will pay for any care fees I may require, and still think this will happen.

Realyorkshiretea I stayed at home for a year because I didn't want to catch Covid, not to protect anyone else. Had the Tories been really mean, they would have encouraged the elderly to mingle with others and then die of Covid to deal with the pension and social care issues. Perhaps you would have approved of that?

By the time most people get to the point of needing a Care Home they are long past giving a shit about money or their house. The people who will mainly benefit from this surely will be their offspring who will get to keep the family assets (should there be any).

Why do you say that like it's a good thing? It's just another way to decrease social mobility and increase the divide between the property owning classes and those without.

Why should working age taxes be used to fund people's inheritance?

@Kolo

I have nothing against investing in social care. In fact I'm all for it. What I'm against, is making the poorest pay for it and the richest, who've grabbed even more wealth over the pandemic, get off without paying their fair share.

We're not all in it together.

100%

@nonono1

We should view our homes as assets

@BeenAroundTheWorldAndIII urgh, no no no. People viewing homes as assets is a large part of why the housing market in this country is in such a dreadful mess.

What's wrong with this approach? Practically speaking, a home is likely to be the most expensive thing someone ever purchases (possibly with the exception of a pension annuity) and is likely therefore to be their biggest asset. People could instead rent & invest their capital in a different asset class eg the stock market / gold / crypto currencies. Why should a person who chose the latter route be treated differently from a homeowner when it comes to funding their social care needs?

We're not all in it together.

This & how people can argue that it's fair because younger people have TVs is madness.

@LondonJax. Yes. This is exactly what I have said two posts before you. I just don't think that people who have not had the need to access social care yet, for themselves or a,relative, understand what the true state of the situation is like.
My mum had moderate dementia and had to be admitted into hospital for an emergency. That was fully paid for. She was discharged without any sort of care package for her dementia. No one checked with me that she was being looked after or there was care in place for her. When I asked the question about what she should do to prevent this illness from happening again, they told me it was not their responsibility. They even tried to discharge her without giving her the medicine she'd been diagnosed to have. They didn't want to ask any questions because they didn't want to be faced with a problem.
No political parties come up with solutions because its too good a target for the other parties to bring them down. There needs to be a panel of cross party mps that investigate alternatives and have to, within 6-12 months, make recommendations to be voted on by the House.